Navigating the Range Ahead of Tariffs Announcement📢 News 📢
President Trump is set to announce new tariffs today, April 2, 2025, at 4 p.m. Eastern Time. This initiative, dubbed "Liberation Day," aims to boost U.S. manufacturing by targeting imports like autos, steel, and pharmaceuticals. 📦💊 However, economists warn that these measures could lead to higher consumer costs and disrupt trade relations. 📉💹
This news might influence market sentiment and could have implications for gold trading. Keep an eye on how the market reacts! 📈💰
📊XAUUSD 1H Analysis (Current Situation)
Market Structure:
The market is in a clear bullish trend with strong momentum from the previous sessions.
Recent price action shows consolidation near 3,132, suggesting a potential liquidity build-up.
There is a higher high formation, but rejection from the supply zone around 3,139 - 3,150.
Key Technical Zones & Confluences:
Supply Zone / Potential Sell Area:
3,139 - 3,150: If price reacts with strong rejections here, a potential short opportunity may emerge.
3,165 - 3,182: If price breaks above 3,150, this is the next key resistance area.
Demand Zone / Potential Buy Areas:
3,110 - Strong Rejection Zone: If price pulls back here and finds bullish confirmations (e.g., bullish engulfing, liquidity grab), a long entry could be valid.
3,092 - 3,075 Potential Buy Zone: A deeper retracement into this level could provide a sniper entry opportunity.
🔴 Sell Setup
Entry Zone: $3,133 - $3,135
SL: Above $3,138 (tight protection)
TP1: $3,128 (first reaction)
TP2: $3,117 (liquidity zone)
TP3: $3,103 (full move)
📌 Reasoning:
Mid-range premium pricing (not at extreme highs but still valid)
Multiple rejections in this zone (potential shift in order flow)
Possible short-term retrace before continuation
🔴 Sell Idea
Entry Zone: $3,145 - $3,150
SL: Above $3,153 (small wick safety)
TP1: $3,132 (reaction level)
TP2: $3,128 (stronger demand)
TP3: $3,117 (full imbalance fill)
📌 Reasoning:
Liquidity grab potential above $3,145
Imbalance & order block confluence
Possible rejection from premium supply
🟢 Buy idea
Entry Zone: $3,094 - $3,089
Stop Loss (SL): Below $3,085
Take Profit (TP) Levels:
TP1: $3,117
TP2: $3,128
TP3: $3,150
📌 Reasoning:
Unmitigated demand zone
Imbalance around $3,094 suggests a reaction
Strong liquidity pockets nearby
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.